REI Lense

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$4,038 (target)

3500 Venetia Rd, Mobile, AL 36605

3 beds • 6 baths • 4784 sqft

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This property looks like a bad Mid-Term investment with a projected -7.55% first-year return on $142k initial cash invested.

-7.55%

Cash On Cash

4.55%

Cap Rate

0.75

DSCR

$4,038

Rent

-$896

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,038 income − $4,934 expenses = $896 out of pocket

Income$4,038Out of Pocket$896Mortgage P&I$2,98074%Property Taxes$2566%Insurance$3248%Management$48512%CapEx$1624%Vacancy$1213%Maintenance$1624%Other$44411%

Investment Breakdown

|

Purchase Price

$592k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,924

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,038

Total Expenses

$4,934

Mortgage P&I

74%

$2,980

Property Taxes

6%

$256

Home Insurance

8%

$324

HOA

0%

$0

Property Management

12%

$485

CapEx

4%

$162

Vacancy

3%

$121

Maintenance

4%

$162

Other

11%

$444

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